Booking Financial News

Signature Global The initial public offer (IPO) of Signature Global, which was fully subscribed on the second day, picked up pace on the last day of the bidding process. Overall, the issue was subscribed 3.19x so far on Day 3, led by strong NII (6.2x) and retail (4.35x) interest. The category reserved for qualified institutional buyers was booked 1.38 times. The IPO comprises a fresh equity issue of Rs 603 crore and an offer for sale (OFS) segment of Rs 127 crore by selling shareholder International Finance Corp.

Osho Krishan, Senior research Analyst, Angel One, says the first trading pick is Grasim. From here onwards, one can expect that those who have missed the rally in the previous week, can re-enter in the counter for the higher target of 2000. On the downside, one can put a strict stop loss of Rs 1870 on the spot levels. The second technical pick is from auto company Balkrishna Industries. The technical charts of Balkrishna Industries is looking very promising. It is on the verge of giving a breakout.Do you see the short covering in the market to continue? Today we have seen a very strong rebound in the market. But as of now, the 19,800 zone is having a very strong resistance because if you will be looking at the data from the derivative point of view, then 19,800 has a very strong pileup of call writing position. So that means 19,800 should be acting as a stiff resistance. As we are going to have a weekend from tomorrow, there would not be any strong traction that can be seen in today's session. But overall, if the market sustains above 19,720 odd levels, which is the 50% Fibonacci retracement of the recent rally, then, it is a positive development after three consecutive days of stiff or very intensified selloff. One can expect that from next week, our market can see some kind of good momentum or can see some kind of bullish momentum. And from there onwards, one can even look for opportunities on the long side.

ICICI Lombard General Insurance Company Ltd. traded at Rs 1345.6 on BSE at 02:05PM (IST) on Friday, down 0.86 per cent.

₹7 lakh. However, the 5% rate will continue to prevail if the total cost of the package is under ₹7 lakh. “It has been clarified by the government that the purchase of international travel tickets and hotel bookings on a standalone basis will not qualify as an Overseas Tour Program Package," said Archit Gupta, Founder and CEO, of Clear The government has also clarified that payments made overseas using one’s credit card will remain outside the purview of TCS for the time being.

Spies: The Epic Intelligence War Between East and West. By Calder Walton. Simon & Schuster; 688 pages; $34.99. Abacus; £25 In June 1941 Josef Stalin received a warning from the NKVD, the forerunner of the KGB, that a Nazi attack on the Soviet Union was imminent.

IPO subscription status: Signatureglobal Ltd IPO has been subscribed 2.65 times on day 3, so far. Signatureglobal IPO opened for subscription on Wednesday, September 20, and will close today (Friday, September 22). The company has fixed price band of the public offer at ₹366 to ₹385.

Stock market today: Samhi Hotels share price opned higher from price band of ₹119 to ₹126 per equity share. Shares of the company listed on BSE at ₹130.55 apiece levels whereas it listed on NSE at ₹134.50 per share levels, delivering to the tune of 6 per cent listing gain to the lucky allottees. According to stock market experts, Samhi Hotels share price opned on positive note despite weak sentiments on Dalal Street.

New Delhi: India's economic outlook for FY24 remains bright, with economic activity maintaining its momentum and food prices cooling down. However, rising oil prices remain a concern, the finance ministry said in its monthly economic review for August. Oil prices rose to 10-month highs earlier this week on extended production cuts from key suppliers.

Week three of the 2023 Rugby World Cup will be defined by four fascinating games, and once again Australia will be the most crucial one of them when the Wallabies take on Wales in Lyon on Monday at 5am AEST. For the army of close to 30,000 Australian supporters descending upon France’s gastronomic capital, they probably weren’t expecting that the third match of a potential seven would already be, in effect, a live or die affair.

subscription status on day was 33%, and day 1 Sai Silks IPO subscription status was 7%. Sai Silks IPO comprises a fresh issuance of ₹600 crore worth of shares and an offer for sale (OFS) of up to 2.70 crore equity shares by promoter and promter group. The company intends to use the net proceeds from the offering to finance capital expenditures for the establishment of 30 additional stores and two warehouses, as well as for working capital needs, debt repayment, and general corporate purposes.

Stock market today: Downtrend in Vedanta shares continued for third straght session during Friday morning deals. Vedanta share price today opened higher at ₹228.50 per share levels but profit booking triggerd within few minutes of stock market's opening bell and the stock hit new 52-week low of ₹222.55 apiece on NSE.

Microsoft CEO Satya Nadella stated that Microsoft's Copilot-branded AI assistants will offer a seamless experience across various operating systems, applications, and devices. As an example, Microsoft demonstrated how a user can request Copilot to locate a flight booking from their text messages. “We’ve seen that the most magical and empowering moments people have experienced with AI is when it’s informed with the context that extends way beyond what’s in front of them.

Stock market today: Shares of Zaggle Prepaid Ocean Services Limited listed on BSE and NSE in a special per-open session during Friday deals. Zaggle share price opned at ₹162 on BSE whereas it listed on NSE at ₹164 apiece levels. Thus, the fintech stock listed in discount on BSE while it had a par listing on NSE.

«I think these are, let us say times of tipping point so you would see sudden shifts and you would see lots of improvements and almost every day is going to be an exciting day,» says Jairam Sampath, Kaynes Technology.First HNI investors, then institutional brokerages and now retail brokerages, are you surprised with how suddenly everybody is excited about the EMS space?Yes, so in our journey for the country from a low income group to a reasonably sized income, I think one of the things which was lacking in our country was the impetus to manufacturing and I think it looks like electronics manufacturing is going to be the flag bearer of the emergence of manufacturing. I would not say resurgence because we always had not too much of manufacturing on our plate. So yes, I am not surprised that across the board, people are excited and they are lending their support both morally and physically.Your big deal wins in last three months, which give you the confidence that the renaissance moment has arrived?I think these are, let us say times of tipping point so you would see sudden shifts and you would see lots of improvements and almost every day is going to be an exciting day.

₹134.50 per share, 6.7% higher than the issue price of ₹126, and on the BSE, Samhi Hotels share price was listed at ₹130.55 per share. Samhi Hotels IPO opened for subscription on Thursday, September 14, and will closed on Monday, September 18. Samhi Hotels IPO was subscribed 5.33 times on day 3.

Booker Prize. Kenya-born Maroo's novel set within the context of the British Gujarati milieu has been praised by the Booker judges for its use of the sport of squash as a metaphor for complex human emotions.

Most analysts were cautious on the IPO over aggressive valuations. «If we attribute FY23 earnings to the post-IPO fully diluted paid-up equity capital of the company, the asking price is at a P/E of 66.7,» analysts said. However, the company received a decent response from investors as the issue was booked 12.57 times on strong institutional interest. The IPO comprised fresh issue of equity shares worth Rs 392 crore and an offer for sale (OFS) of 1.04 crore shares by promoters, investors and other shareholders.

Also Read: Samhi Hotels IPO listing date today. GMP, experts predict par listing Zaggle share listing is expected to be tepid on Friday. Analysts expect Zaggle shares listing price to be at around 5-7% premium to the issue price.

Day trading guide for today: On account of strong US dollar putting global markets under selling pressure, Indian stock market ended lower for third straight session. Nifty 50 index lost 159 points and closed at 19,742 levels, BSE Sensex shed 570 points and ended at 66,230 levels whereas Bank Nifty index corrected 760 points and closed at 44,623 mark. In broad market, small-cap and mid-cap indices crashed almost one per cent.

“Market movements reflected that the bulls are in control at the moment and if this bull run continues then the market climbing to some new highs during Diwali cannot be perhaps ruled out,” says Ajit Banerjee, CIO of Shriram Life Insurance Company. In an interview with ETMarkets, Banerjee said: “Space and Defence sector in view of the government focus on developing these sectors and strive towards attaining Atma Nirbhar Bharat will propel the growth” Edited excerpts:What a week for Indian markets – 20,000 and counting – what next? The NSE (Nifty -50) reached the 20,000 milestone early last week and continued in the 20 K territory during the week and closed at 20,192 at the weekend.

large contracts coming up for bidding, which accelerated in the December quarter, continued and led Genpact to book «record deals» in the first two quarters of 2023, NV (Tiger) Tyagarajan, chief executive at the US-headquartered business process management firm, told ET. The London-based executive said the company’s data-tech-artificial intelligence segment, which accounts for 45% of total revenue, will make up half of its revenue by 2026. Almost 100% of Genpact's client conversations in the last few months have been converted into engagements where generative AI (GenAI) is being used in their regular operations, he added.